PKN Company News - Signing of investment agreements to fulfil the EC remedies
-PKN has agreed the terms of Lotoss assets sale/swap with four potential buyers-Saudi Aramco should acquire part of the refining value chain
-MOL is buying 80% of Lotoss filling stations network in Poland
-The remedies are expected to be implemented in Q3 22
-Low level multiples used for the refining value chain raise additional concerns
Polski Koncern Naftowy Orlen's activities are divided into three main business segments: the Refining Segment that comprises crude oil processing as well as wholesale and retail trade in refinery products. The Petrochemical Segment that encompasses production and sale of petrochemicals and chemicals. The Retail Segment that comprises of sales at petrol stations. Co.'s basic products include gasolines, diesel oils, light heating oil, Jet fuel, liquid gas, polyetylene, polypropylene, benzene, butadiene, acetone, phenol, glycols, toluen, ortoxylene.
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